Health Insurance

Squatcher said:
majic number is 5 employees for a company plan.  I got one for 3 of use on Banner/Antna
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Wish I could afford to pay everyones health insurance. Would make it easier to say....It's Free to Y'ALL. Peace

 
raspadoo said:
Maybe set up a high deductible plan and an HSA for the employees, that way the ones using it more need to pay a bit more but at least its pre tax money. 
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^^^^This. I am in no way an expert, but I do know my employer (before I retired) really pushed these plans as it was cheaper for them. 

For the employees, it depends on how much they use their plans. For healthier people, these plans are great and allows for opening a HSA which can grow to give the employee a pool of money to help offset future cost. I went this way when I worked and saved almost a 100k that I can use for any medical cost in the future. My only regret was not doing it sooner. But if you use your plan, it is harder to build that nest egg. 

When you pencil it out, the high deductible plans make sense. They have maximum out of pocket cost, I think mine was ~$6k. If I did use the plan and maxed out my cost, it was still cheaper than the full menu plans.

I am now on my wife's plan which has great coverage. She works for the State and will work for a few years.

 
Cheff check out Altrua healthshare I pay 700 for the Short than you wife and kids. Add me was another 700 but they have pre-existing conditions. They're a health share so don't have to follow Obama's rules.

 
THD said:
^^^^This. I am in no way an expert, but I do know my employer (before I retired) really pushed these plans as it was cheaper for them. 

For the employees, it depends on how much they use their plans. For healthier people, these plans are great and allows for opening a HSA which can grow to give the employee a pool of money to help offset future cost. I went this way when I worked and saved almost a 100k that I can use for any medical cost in the future. My only regret was not doing it sooner. But if you use your plan, it is harder to build that nest egg. 

When you pencil it out, the high deductible plans make sense. They have maximum out of pocket cost, I think mine was ~$6k. If I did use the plan and maxed out my cost, it was still cheaper than the full menu plans.

I am now on my wife's plan which has great coverage. She works for the State and will work for a few years.
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i am part of a huge company, we have this, i pay 3700 out of pocket then everythings covered after that per year.

I have an hsa, i wish they would just charge me the 3700 a year thru my payroll and I could go for free, instead of getting the bill, this is covered this isnt blah blah blah.

 
i have a company plan 5 adults 3 kids blue cross 4917.00 a month decent coverage

 
Out of pocket maximum is key. My son was on growth hormone about 10 years ago for several years and that would have been over $50k/year. My motorcycle accident in Glamis was also huge. The surgery alone was $45k. I think our out of pocket maximum is $7500/year. So hit that for several years.

abc

 
I had the same problem with my company so my wife and I did without insurance until we could get on Medicare. Our doctor gave us a huge discount when you don't have insurance.   DON~~~

 
Don Parscale said:
I had the same problem with my company so my wife and I did without insurance until we could get on Medicare. Our doctor gave us a huge discount when you don't have insurance.   DON~~~
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We're thinking the same thing. Peace

 
When I left the old company who paid my insurance 100% one of the conditions was that would continue.  For the first few months my boss paid my COBRA payment. Once open enrollment was available he offered up insurance to everyone, Up to that point they did not have it available, actually nobody had taken it due to cost.  We had enough people who wanted it so he tried again and again everybody was shocked at the cost with the owner paying half, Once again nobody signed up, except me and one other. For the two of us we had to go out and find private insurance for me I turned in the paperwork to him and he just reimburses me each month. The other guy not sure about .

It sucks though I spend more each month for Health insurance than I do for my mortgage, even though my mortgage is pretty low it still sucks to pay so much.  Then like last Jan when I got COVID and while waiting to see the Dr at Urgent Care I faint from dehydration and they call 911 and get put in an ambulance and taken to the ER.  After my insurance pays it's portion I owe almost $5K  WTF am I paying over $7,500.00 per year to insurance for. 

 
MWB said:
It sucks though I spend more each month for Health insurance than I do for my mortgage, even though my mortgage is pretty low it still sucks to pay so much.  Then like last Jan when I got COVID and while waiting to see the Dr at Urgent Care I faint from dehydration and they call 911 and get put in an ambulance and taken to the ER.  After my insurance pays it's portion I owe almost $5K  WTF am I paying over $7,500.00 per year to insurance for. 
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What portion did the insurance pay?

My scorpion debacle a few months ago was billed out over $10k, and that was only for a few hours in the ER.  No ambulance ride.  My portion is around $2k.

 
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